This selling by an IEP board member means the company is not for sale and its overvalued. I went short after the Form 4 filing came out this afternoon.
Sentiment: Strong Sell
Why do people think Carl Icahn is making out like a bandit in his VLTC investment? He put $50M in this company a decade ago and now its only worth a fraction of that. He has been wrong and probably wrong once again.
Its a positive when the secondary is being priced at $2.25 / share?
Positive for shorts, Negative for long bag holders
I've followed @MookTrader in shorting GENE the past few days. He's on Twitter and I think he knows his stuff. I only got a 2000 share short but MookTrader has 30,000! I'm going to cover when he does.